Topic: What month 2018 will bitcoin price increase by eight times, just like Nov. 2013? - page 2. (Read 224 times)

bitcoin price highest in 2013 in only 1000 dollar
if you say only 8x from price in 2013, this now is reach not wait in 2018

It is too hard to predict, I dont think it can multiply that much anymore since the price is already very high, you are talking about 100k, I dont think that could happen in a year, now people also invest in alt coin, so I dont expect bitcoin could multiply again like in 2017, I assume in 2018 the max we can reach is 50k to 60k

I will be glad if it will reach 20k. increase by eight times is far fetched, maybe it will take two or three years.
Someone can say that Bitcoin price expanded 18 times in 2017, well, that is true, but 1.000$ is not 14.000$ and governments will not be as tolerant as they are now.
That will happen only if big companies like Google and Microsoft pour their money in the cryptocurrency market (what are the chances for this to happen).

I don't think we will ever see such growth as this year ever again. It is natural that as the price gets higher and bitcoin becomes older that growth will slow down If we can reach 50k in 2018 that would be a very good year and exceed my expectations and hopes.

I'm pretty sure there is no hard upper limit. In other words: it's possible, especially in a hype.
I do worry about sustaining it though! Currently, Bitcoin has only 12 million addresses holding more than 0.001BTC. Anything less isn't worth the fee to spend it. Most people use at least a few addresses, so that leaves at most a few million Bitcoin holders/users.
Miners take about $30-40 million per day in block reward and fees. That's money leaving the Bitcoin ecosystem. The trade volume is about $10 billion per day. Even at 0.25% fee on exchanges, the exchanges take $25 million per day.
Miners and exchanges together take about $60 million per day out of Bitcoin! Divide that by a few million users, and it's (give or take) $10 per person per day. That's $300 per month, and that money has to come from somewhere.
This $300 per user is a substantial drain of funds that enter Bitcoin and are taken out again, and it has to be a continuous supply just to sustain the current price and trade volume.
A price increase needs an even bigger inflow of money. To sustain this, Bitcoin needs more users, but blocks are too full already.
If Bitcoin were to double (or more), miners and exchanges take a larger share too, so even more money is needed to sustain that price level.

Note that this $300 per month is an estimate, it doesn't really matter if it's $100 or $1000, my point is still the same: a continuous inflow of dollars is needed to sustain Bitcoin.
The total for all cryptocurrencies is even bigger: miners and exchanges take their share there too.

As far as I know, that's a fake SegWit2x fork, aka a scam.

Nah, it wont increase eight times during the next year, i really think that the price will be much more stable than what it was during this year, this year was chaotic for the price, well, we all liked that, but it wont be repeated again

Maybe everyone hoped "Bitcoin price increase by eight times" but that is unlikely to happen in 2018.


It is true what you say and everyone knows this is an unpredictable condition. Still, we can hope for the best.

What you're asking is unpredictable like an earthquake. I know it may happen but don't know when....? 

I don't think you will have and accurate month when bitcoin will increase in 8x and we are not even sure if bitcoin will grow in2018 to that level.Bitcoin has not been doing well in January to March if you view historical data especially 2016 and 2017! Therefore we should not expect serious price increases in those times 2018. If what happened in 2017 repeating itself then we would have serious price upward movement from September to November 2018. Hope we have a fruitful 2018

I don't think it will happen across the whole of 2018, let alone within one month only. Bitcoins price is far higher than it was in 2013 and so to experience that level of growth is much much more unlikely.

If the prices increase by 8x once more, then the exchange rates will be close to $120,000 per coin, and the market cap will be around $3 trillion. Is that even possible? Right now there is no company listed in the stock markets around the world, that is worth $3 trillion or even half of that amount. And it represents almost 40% of the gold market capitalization.

20K again in six months?I think it could recover back to 20K USD for a few weeks.
The price is going up slowly and i hear rumors that the Segiwt2x fork is going to launch this week.
Usually big forks like this one will pump again bitcoin,because lots of people want forked altcoins for free.
The OP is wrong.It`s impossible for the bitcoin price to increase 8 times for one month.This would be an insane speculation bubble.  

IMO this wouldn't happen in 2018. I would be happy to see a total price recovering and 20K again in next 6 months. If we see 40K, I will be utter happy, but 9x is too much for current markets.

eight times from when from now?
if we say from 12,000$ to 96,000$ we need 3 years.

((I talk not more about bitcoin HYPE Sorry for the wrong subject in 2017...))

old thread: https://bitcointalksearch.org/topic/m.24103088